Thursday, May 03, 2007 12:36:15 AM
LVS 89-84-86 prelim $0.32 vs $0.31 Reuters consensus, $0.32 First Call; revs $628.2 mln vs $619.62 mln Reuters consensus
Las Vegas Sands: Earnings conf call summary (88.54 +2.92) -Update : Co did not provide guidance (historically they do not)... Major construction of Venetian Macao is finished; both on time and on budget. Same for the Palazzo in Las Vegas... Co says mkt share in Macao remained flat qr/qr, but says that their fair share continues to grow. Says business in Macao is fairly robust and they are keeping pace with it... Co does feel the Sands Macao will feel an effect from the Venetian Macao, but believe it will not be large. Says they will continue to invest in the property and mentioned its superior location; within walking distance from ferry terminal. Adds the economies of scale when both properties are open will help LVS... Co says they have ordered 80 buses from Germany to shuttle their guests from the Venetian Macao to the ferry terminal. Chinese govt has indicated they will allow the co to use a landing area at the terminal... Co says what they are doing in Macao is making other Asian govts take a look (Japan mentioned). Think there are future opportunities, but say these govts are usually conservative and move through the process slowly... Stock is trading ~$86.25 after hours.
02-May-07 17:06 ET In Play Las Vegas Sands on conf call II (88.54 +2.92) -Update : Co does feel the Sands Macao will feel an effect from the Venetian Macao, but believe it will not be large. Says they will continue to invest in the property and mentioned its superior location; within walking distance from ferry terminal. Adds the economies of scale when both properties are open will help LVS.
Las Vegas Sands: Earnings conf call summary (88.54 +2.92) -Update : Co did not provide guidance (historically they do not)... Major construction of Venetian Macao is finished; both on time and on budget. Same for the Palazzo in Las Vegas... Co says mkt share in Macao remained flat qr/qr, but says that their fair share continues to grow. Says business in Macao is fairly robust and they are keeping pace with it... Co does feel the Sands Macao will feel an effect from the Venetian Macao, but believe it will not be large. Says they will continue to invest in the property and mentioned its superior location; within walking distance from ferry terminal. Adds the economies of scale when both properties are open will help LVS... Co says they have ordered 80 buses from Germany to shuttle their guests from the Venetian Macao to the ferry terminal. Chinese govt has indicated they will allow the co to use a landing area at the terminal... Co says what they are doing in Macao is making other Asian govts take a look (Japan mentioned). Think there are future opportunities, but say these govts are usually conservative and move through the process slowly... Stock is trading ~$86.25 after hours.
02-May-07 17:06 ET In Play Las Vegas Sands on conf call II (88.54 +2.92) -Update : Co does feel the Sands Macao will feel an effect from the Venetian Macao, but believe it will not be large. Says they will continue to invest in the property and mentioned its superior location; within walking distance from ferry terminal. Adds the economies of scale when both properties are open will help LVS.
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